First carbon auction of the year set to be a non-event

First carbon auction of the year set to be a non-event
One question for the carbon market will be whether the Climate Change Commission will take a different approach under new chairwoman Dame Patsy Reddy. (Image: NZME)
Ian Llewellyn
The first carbon auction of 2025 looks likely to have no successful bids due to low carbon prices.There are 1.5 million New Zealand Units (NZUs are a proxy for one tonne of carbon emissions) up for sale on Wednesday with an auction floor price of $68.Secondary market prices have been around the $60 mark making it unlikely anyone will be desperate enough to pay a premium, either to settle obligation under the emissions trading scheme or as an investment.Lizzie Chambers, who runs the Carbon Match trading platform, said recently that it seemed unl...

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